Dermatology Devices – Regaining Grace without Leaving a Trace
Most invasive surgical procedures often leave behind scars and vascular lesions. Aging results in loss of hair, wrinkles, and skin deterioration. The last decade has witnessed an increasing number of minimally invasive procedures and rising inclination of people to undergo cosmetic procedures in order to enhance aesthetic appeal. Pharmaceutical drugs intended for such treatment are associated with various side effects and are relatively expensive. Minimally invasive procedures have emerged as a preferred alternative to such drug therapies and also enjoy a competitive edge over conventional surgical procedures, as the former leave back minimal scars, if any. Getting a tattoo done is a rage across the globe and the trend transcends all boundaries of age, race, and gender. However, the recent decade has also witnessed a high prevalence of tattoo regret among the populace. As per results of a 2014 survey conducted by Ampp3d—part of Mirror.co.uk—around 1/3rd of people in the age group of 25–35 years in the U.K. regretted getting a tattoo and wanted to get it removed. Laser tattoo removal has been considered the most effective option for tattoo removal as this technique removes tattoo without scarring or burns.
The global dermatology devices market was valued at US$ 3,409.1 million in 2015 and is expected to witness a robust CAGR of 7.6% during the forecast period (2016 – 2024).
Figure 1. Global Dermatology Devices Market Size and Forecast, US$ Million and Y-o-Y Growth (%), 2014–2024
Source: Coherent Market Insights Analysis (2017)
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Evolving technology to be a threat for conventional treatment methods in the dermatology devices market
Minimally invasive treatment procedures are gaining attention in the medical community and patients worldwide. Therefore, devices such a microdermabrasion, pens for pigmented lesions, scars, and loose skin, and laser therapy are in high demand globally. These devices are replacing the usual surgeries performed to treat skin disorders, which leaves out unwanted scars post-surgery. Laser resurfacing, dermabrasion, and chemical peels are some of the safe and effective treatment options for acne scarring. Effectiveness of laser and light therapies in treating mild to moderate acne is still under research.
PMD Beauty pioneered the at-home microdermabrasion device that allows users to perform microdermabrasion procedure at ease and convenient. The device has a large consumer base in the U.S., U.K. and Australia.
Growing target population to serve as a potential opportunity for dermatology devices market players
According to the International Society of Aesthetic Plastic Surgery (ISAPS) 2015 global survey, U.S. had the highest number of non-surgical procedures performed (2.6 mn) followed by Brazil (1.1 mn). South Korea, India, Mexico, Germany, Colombia, France, and Italy are other leading countries with most aesthetic procedures being conducted in 2015. These statistics signify potential opportunities for companies in the global dermatology devices market.
This is expected to benefit the dermatology devices market players such as Valeant Pharmaceuticals International Inc., Lumenis, Ltd., Cynosure Inc., Syneron Candela Ltd., Avita Medical Ltd., Alma Lasers, Ltd., Lutronics Corporation, Beijing Toplaser Technology Co. Ltd., Shanghai Fosun Pharmaceutical Group Co. Ltd., and Cutera, Inc.
Until about a decade ago, skin diseases were not considered to be much of a concern among the medical fraternity, with focus mainly towards combating major diseases such as HIV/AIDS and hospital-acquired pneumonias. However, in primary care settings, skin disorders are the common diseases prevalent in tropical areas. HIV infection related skin diseases are especially common in sub-Saharan geographies. In 2015, according to Turkish Journal of Family Medicine & Primary Care, infections related to skin are common worldwide with a prevalence of pyoderma between 0.2% and 35%, for tinea capitis it is around 19.7%, for scabies it ranges between 0.2% and 24%, and for viral skin disorders it ranges between 0.4% and 9%.
Rise in number of skin infections and rise in demand for skin rejuvenation is expected to propel growth of the dermatology disease market. Rise in demand for skin rejuvenation therapy is backed up by increasing use of radiofrequency techniques, which in turn is expected to favor the market for dermatology devices market in the near future. Furthermore, high prevalence of skin mycoses globally is projected to have a positive effect on the growth for dermatology devices market. According to article published in 2008 by John Wiley & Sons, Inc., high prevalence of skin mycoses was around 20–25% and thus, was considered as one of the most prevalent forms of infection worldwide. The last decade has witnessed a spurt in incidence of skin diseases caused by pathogens such as anthropophilic and zoophilic dermatophytesm, which are especially prevalent in regions tropical regions due to the favorable growth environment. Also, change in lifestyle and awareness about the treatment is also one of the major factor affecting positively the growth of dermatology devices market. Scar and tattoo removal are some of the examples that require dermatology devices. According to Deccan Chronicles, in 2016, there were 25,000 tattoo removal cases recorded in India of the 128,218 cases worldwide, as revealed by a survey conducted by the International Society of Aesthetic Plastic Surgery (ISAPS) in 2015.
This report segments the global dermatology devices market on the basis of product type, application, end user, and geography. On the basis of product type, the market is categorized into microdermabrasion devices, lasers and others. The laser product type segment is sub-segmented into alexandrite laser, diode, fractional, infrared 1319 nm, nd:yag 1064 nm, potassium titanyl phosphate (ktp), pulsed. The application segment is divided into vascular lesions, scar removal, tattoo removal, hair removal, wrinkle removal, acne treatment, skin rejuvenation, pore reduction and others. The vascular lesions application segment is further divided into telangiectasia, hemangiomas, port wine stains and venous lakes and scar removal application segment is sub-divided into red or hypertrophic scars and hyper-pigmentation. For comprehensive understanding of market dynamics, the global dermatology market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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